A/C QUESTION

~~冬之子~~

1)WHY IS ACCOUNTING DESCRIBED AS A SERVICE ACTIVITY

2)what ethnical issues might accounting professionals face in dealing with confidential information

3)if assets are valuable resources and asset accounts have debit bal, why do expense a/c hv debit bal

4)discuss three purposes of preparing a trial bal

5)explain differences between a note payable and an account payable

求好心人解答一下

Blackburn_Owen

原帖由 ~~冬之子~~ 於 2006-5-14  23:02 發表
1)WHY IS ACCOUNTING DESCRIBED AS A SERVICE ACTIVITY

2)what ethnical issues might accounting professionals face in dealing with confidential information

3)if assets are valuable resources an ...

你份工要答嫁?

choy991044

4.
- to make sure that correct double entries have been done
- as a basis to prepare trading and profit and loss account and balance sheet

CE lv answer

choy991044

1. no physical production -> service

係咪咁

lhywychk

are u an university student studying accounting?
anyway....

Q2: suggest you consider Part 1 of Schedule 10 to the Securities and Futures Ordinance. (regarding insider dealing)

lhywychk

Q1: For an audit firm, auditing is to serve its clients for complying with the legal obligations (pls go to read the Companies Ordinance for details)

For an accounting firm, preparing the books of accounts is also to serve its clients for keeping proper books and accounts.

Both of them are SERVICES.

lhywychk

Q3: 唔太清楚你意思, 可否打中文?

lhywychk

Q4: 有人答左.... 不過我都唔係太清楚

Q5: 唔係 note / account payable... 而係 noteS / accountS payable
accounts payable 係間公司的principal activities的未繳數
E.g., for a company engaged in trading of toys, when it purchases the toys without paying immediately, then it records as follows:-
Dr. Stock                          XXX
   Cr. Accounts payable           XXX

Notes payable... 應該係指 bank loan
或
有時公司會issue D commercial paper (可以說是發債....)
then
Dr. Cash           XXXX
  Cr. Notes payable   XXXX

Hope the above could help.

各位, 如小弟有錯請指教

~~冬之子~~

原帖由 Blackburn_Owen 於 2006-5-14  11:10 PM 發表

你份工要答嫁?

原帖由 lhywychk 於 2006-5-14  11:21 PM 發表
are u an university student studying accounting?
anyway....

Q2: suggest you consider Part 1 of Schedule 10 to the Securities and Futures Ordinance. (regarding insider dealing)

OU d功課黎架

無買書又無去圖書館睇

文字題成廿分

我真係頂丫

~~冬之子~~

原帖由 lhywychk 於 2006-5-14  11:26 PM 發表
Q3: 唔太清楚你意思, 可否打中文?

我諗係話assets 增加就係debit

點解expenses 增加都係debit掛

yuren

原帖由 ~~冬之子~~ 於 2006-5-15  06:40 AM 發表

我諗係話assets 增加就係debit

點解expenses 增加都係debit掛

我永遠都唔識呢個點解

~~冬之子~~

原帖由 yuren 於 2006-5-15  07:44 AM 發表

我永遠都唔識呢個點解

可能因為expenses係令到個capital減少掛

所以一個右一個左

我估架其實

有無人真係知

拜託拜託

我唔想成份功課淨係拎到做數果80分

太型了

yuren

原帖由 ~~冬之子~~ 於 2006-5-15  07:49 AM 發表

可能因為expenses係令到個capital減少掛

所以一個右一個左

我估架其實

有無人真係知

拜託拜託

我唔想成份功課淨係拎到做數果80分

太型了

我果陣考試係咁諗
諗所有dr/cr
都要站在個"account"既角度去諗

lhywychk

原帖由 ~~冬之子~~ 於 2006-5-15  06:40 AM 發表

我諗係話assets 增加就係debit

點解expenses 增加都係debit掛

i think... becoz... if a company incurs expenses, it will bring economic benefits to the company.... then same side loh

not quite sure
suggest you go and ask your schoolmates

choy991044

原帖由 ~~冬之子~~ 於 2006-5-15  07:49 AM 發表

可能因為expenses係令到個capital減少掛

所以一個右一個左

我估架其實

有無人真係知

拜託拜託

我唔想成份功課淨係拎到做數果80分

太型了

Asset 係帶來 Revenue 既野
用 Expense 既目的其實都係 想賺多d Revenue

我估係咁上下

小妖

(3) from accounting equation, asset + liablitiy = shareholders' equity

Since expenses are decrease in economic benefits with depletions of assets or increases of liabilities that result in decreases in equity, it should be have a debit balance

Also from recognition point of view, any expenditure that failed to meet the recognization criteria as a assetm, it should be recognised as a expense. Therefore it is logical that both of asset and expense a/c have debit balance

~~冬之子~~

原帖由 小妖 於 2006-5-23  02:02 PM 發表
(3) from accounting equation, asset + liablitiy = shareholders' equity

Since expenses are decrease in economic benefits with depletions of assets or increases of liabilities that result in decre ...

功課都派左返黎

lhywychk

原帖由 ~~冬之子~~ 於 2006-6-6  09:27 PM 發表

功課都派左返黎

我地D答案arm唔arm?

小妖

原帖由 ~~冬之子~~ 於 2006-6-6  09:27 PM 發表

功課都派左返黎

奠o左先